What Does Bid Deducts Mean?

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What does Bid Deducts mean? Read on to discover the definition & meaning of the term Bid Deducts - to help you better understand the language used in insurance policies.

Bid Deducts

Bid Deducts

Sometimes referred to as an insurance "credit," this refers to the amount a contractor would subtract from its contract price when a wrap-up insurance program is provided on a project.

We hope the you have a better understanding of the meaning of Bid Deducts.

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